Jonas Taylor

Financial Inclusion means the inclusive approach to include every section of the population despite any economic status, background check, or literacy rate. There are more than 1.5 billion people all around the world who are still unbanked and lack essential financial services. This is primarily due to lower literacy rates, reachability, and economic status. To … Read more

One natural calamity can set back a nation for years. Especially in developing economies and emerging markets, where infrastructure is poor, and people don’t have a stable income or higher standard of living, not to mention rampant corruption can divert funds into the pockets of influential politicians and nefarious organizations, leaving out the people for … Read more

Microfinancing was initially started with the intention to help lower-income individuals. The aim was not only to help them by providing financial capital but also to educate them about how to handle credit. The model was that they would give away affordable loans for the poor population, emerging businesses, and women entrepreneurs. With time, the … Read more

Recent success in the Microfinance industry has influenced a new banking strategy termed Base of the Pyramid. The International Finance Corporation (IFC) has $600 million in funding for a facility called Base of the Pyramid facility. This facility is the provision for affordable financial services from small providers to start-ups, small businesses, private investment loans, … Read more

A stable financial status is equally crucial for people living in rural areas as it is for people living in urban areas. It helps both groups to advance in life towards their long-term or short-term goals while accounting for any unexpected crises like natural disasters, medical emergencies, or death. In fact, financial stability is the … Read more

After 1997, when the internet connection was released for the common public, it ushered in an era where business and transactions became digitized and began to happen more online. Since the internet’s earliest days, more than three billion people have been using the internet, but the Internet growth hasn’t been equal. So naturally, the expansion … Read more

Multiple financial experts have unanimously agreed with economists that financial education is compulsory for economic growth and eventually leads to financial inclusion. All of them unanimously agree that financial literacy is path forwards for economic growth, job generation, wealth generation, and asset creation within the nation.  Equal and equitable distribution of wealth provides much higher … Read more

With the increase in online education, financial education is also adopting online education methods. Before, MFOs present in Countries would follow the classroom model, which was very expensive. So the MFOs present in Zambia followed the embedded education model. In terms of the embedded education model MFOs would integrate educational content into key contact points … Read more

In developing countries like the Democratic Republic of the Congo, the large population and the growing economy have untapped potential for financial institutions to establish and grow. However, with the prevalence of traditional practices for financial management and the lack of enough formal financial service providers, the market is still open for a stable, trusted … Read more

For several years, the Center for financial inclusion has been a part of many initiatives for expanding financial inclusion. They have been part of the commission, monitoring and surveying different economies and their efforts to alleviate the financial divide and promote financial inclusion.  Financial inclusion has been propelled by economic liberalization, innovation, and digitization of … Read more